$BICO /USDT Current price is showing moderate bearish pressure, with a -1.97% change in the last 24 hours. After a short-lived consolidation near the intraday high, price failed to hold above resistance and sellers stepped in aggressively. On the 1H timeframe, multiple bearish candles and long downside wicks suggest weakness and distribution, indicating momentum is tilting in favor of bears.

The recent rejection from the 0.0455–0.0460 zone confirms this area as a strong supply zone. As long as price remains below this level, downside risk remains active.

Trade Setup (Short-Biased)

• Entry Zone: 0.0450 – 0.0453

• Target 1: 0.0442

• Target 2: 0.0436

• Target 3: 0.0428

• Stop Loss: 0.0462

Market Outlook

If price loses the 0.0446 support with strong volume, a deeper pullback toward lower demand zones is likely. However, if bulls reclaim 0.0462 with convincing volume and a strong candle close, this bearish setup will be invalidated and could trigger a reversal move toward higher levels.

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BICO

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